How to sustain an economy of nonfungible resources such as land assets, domain names, or social ranks? What are the optimal parameters with demand-based recurring fees or single land value tax as radical solutions? Can price, tax and rent be FAIR to all 3-body of owner, renter and stakers?

Harmony’s goal is develop economics games that are fully onchain and sustainable for more than 100K users and $100M assets in years. Our focus is building a platform-native marketplace for domain names with .country (Internet Top-Level Domain, TLD, with native Web2 integration), music creator NFT with merchandises, and onchain board games with lands.

Let’s explore Vitalik Buterin’s fee proposal on Ethereum Name Service (ENS), Lars Doucet’s tax proposal on game lands, and Will’s onchain proposal on 18xx board games.

🔥harmony.one/fair

Fair Price, Tax and Rent

We propose the “3-Body Fairness” Problem on Nonfungible (Tokens, NFT)

• OWNER (landlord, host, holder, bearer, master, possessor, proprietor, licensee, mayor, incumbent | developer, capitalist)
  • pay price (buy at sales, perform transaction, invest in development)
  • pay tax (periodic fees to stakers)
  • earn income (utility, revenue, investment value)
• RENTER (tenant, leasee, guest, user, roomer, occupant, lodger, dweller)
  • pay rent (periodic fees to owner, gas)
  • earn usage (timeslot, depreciable, depletable, degradable, perishable)
• STAKER (voter, citizen, community, DAO, native | settler, local, resident, national, inhabitant, denizen, public, common | followers, likers, investors, speculators)
  • pay time (one-time deposit to owner, time-lock assets, risk-free deposit, mine transaction hashes)
  • pay locality (born to land, move to neighborhood)
  • earn interests (block reward, common resources, governance rights, basic income, social welfare, inflation hedge)

Internet & Crypto Names for Web2 & Web3

2022Q4: Uniform Scaling, Social Wallets & Fair Prices

Why poverty accompanies economic and technological progress? Why economies exhibit a tendency toward cyclical boom and bust? Let’s use history and deductive logic to argue for a radical solution – focusing on the capture of economic rent from natural resource and land titles. Henry George’s Progress and Poverty

• Nonfungible tokens: space, time, name, rank, social, rarity.
• Topological games: Contagion, Tickets to Ride, Monopoly.
• PRICE: allocative efficiency (radical markets: encourage sales, discourage hoarding; mechanism design: disclose preference, incentivize transactions) – versus investment efficiency
• RENT (fee, gas): …?